Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.006%
Price spread now: Bitget against HTX+0.008%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on HTXShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.055%+$5 · spread now +0.008%, 7d avg +0.011%
Together, before fees+0.059%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,799.60.0100pay 0.0100% / 8h2h 16m$2.31B$958.9M200x
ShortBitget BTCUSDT86,806.70.0036get 0.0036% / 8h2h 16m$2.96B$5.08B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$13.44
Price spread: +0.008% → +0.011%
−$0.28
Slippage, 4 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$37.74
Costs to cover
0.240%
Break-even
never at this rate
Slippage from HTX: live order book, 3 min ago; Bitget: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 3 min ago0.01 bp6.0 bp −$67.1 bp −$718.2 bp −$82311.3 bp −$5,639
Sell Bitget live order book, 3 min ago0.01 bp6.0 bp −$66.0 bp −$606.3 bp −$6346.9 bp −$3,428

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0240%1h86,766−0.039%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,808.3+0.010%$428K$24.7M6.7xas long as short
Phoenix BTC−0.0103%1h86,739−0.070%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,790−0.011%$9K$3K50xas long as short
dYdX BTC-USD−0.0062%1h86,831.2+0.036%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,810.9+0.013%$363K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,850.3+0.058%$932.2M$1.46B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,839.2+0.046%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,819+0.022%$851.4M$707.3M125xas long as short
Aster BTCUSDT+0.0008%8h86,807+0.009%$506.9M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BTCUSDT+0.0021%8h86,821.3+0.025%$150.5M$472.4M150xas long as short
Reya BTCRUSDPERP+0.0021%1h86,792.1−0.009%$6.8M$144.4M40xas long as short
BingX BTC-USDT+0.0028%8h86,806.5+0.008%—$1.60B—as long as short
Bitget BTCUSDTshort+0.0036%8h86,806.7+0.008%$2.96B$5.08B150x
Injective BTC/USDC PERP+0.0049%1h86,639−0.185%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0060%8h86,822.4+0.026%$5.20B$5.71B500xas long as short
Binance BTCUSDT+0.0060%8h86,826+0.030%$9.45B$24.36B150xas long as short
RISEx BTC/USDC+0.0063%1h86,814.3+0.017%$9.2M$41.8M25xas long as short
Aevo BTC-PERP+0.0064%1h86,818.4+0.022%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0082%8h86,823.5+0.028%$5.86B$10.68B200xas long as short
Bybit BTCUSDT+0.0085%8h86,821.1+0.025%$5.29B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0087%8h86,836.5+0.043%$2.56B$12.76B100xas long as short
Lighter BTC+0.0096%1h86,838.6+0.045%$172.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,845.6+0.053%$24.2M$154.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,795−0.005%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,782−0.020%$202K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,872.7+0.084%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,776−0.027%$21.8M$235.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,892+0.106%$3.83B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,856.9+0.066%$41.0M$494.9M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,814+0.017%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,874.7+0.087%$7.5M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,792.1−0.009%$573.3M$22.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,826.2+0.031%$38.2M$148.7M75xas long as short
Variational Omni BTC+0.0100%8h86,754.4−0.052%$159.6M$567.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,765.9−0.039%$280.3M$952.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,759.3−0.046%$217.9M$187.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,779.4−0.023%$141.7M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,754.7−0.052%$30.8M$204.2M40xas long as short
Vest BTC-PERP+0.0100%1h86,843.8+0.051%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,796−0.004%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,819.4+0.023%$197K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,834.2+0.040%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,849.4+0.057%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,823.1+0.027%$30.1M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,796.5−0.004%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,819+0.022%$60.6M$336.5M40xas long as short
HTX BTC-USDTlong+0.0100%8h86,799.6long leg$2.31B$958.9M200x
Extended BTC-USD+0.0104%1h86,787.3−0.014%$46.3M$226.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,839.6+0.046%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,855.8+0.065%$188.2M$933.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,866+0.076%$132.3M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0151%8h86,834+0.040%$9.8M$727.3M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,833.4+0.039%$15.0M—200xas long as short
BloFin BTC-USDT+0.0180%8h86,825.5+0.030%$415.9M$656.5M150xas long as short
Hibachi BTC/USDT-P+0.0208%1h86,793.7−0.007%$645K$7.6M30xas long as short